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SSRN Electronic Journal
A slanted-L curve is well-suited to represent the nonlinearity of the celebrated Phillips curve. We show this using cross-country data of major industrialized economies since 2009, including the inflationary surge of the 2020s. At high unemployment rates, an increase in demand reduces unemployment without creating strong inflationary pressures ...
Benigno, Pierpaolo, Eggertsson, Gauti B.
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A slanted-L curve is well-suited to represent the nonlinearity of the celebrated Phillips curve. We show this using cross-country data of major industrialized economies since 2009, including the inflationary surge of the 2020s. At high unemployment rates, an increase in demand reduces unemployment without creating strong inflationary pressures ...
Benigno, Pierpaolo, Eggertsson, Gauti B.
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Environmental Phillips curve: OECD and Asian NICs perspective
Environmental science and pollution research international, 2020M. Kashem, M. Rahman
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THE REAPPEARING PHILLIPS CURVE
Oxford Economic Papers, 1983Sumner, M T, Ward, R
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The Phillips Curve and Expectations
1997One theoretical result of Chap. 4 is the short-run tradeoff between unemployment and inflation (4.16), but in the history of economic thought this relation originated as an empirical regularity. Its name derives from Phillips’ (1958) statistical plot of a century of unemployment rates for the United Kingdom against nominal wage inflation.
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Anchored inflation expectations and the slope of the phillips curve
European Economic ReviewP. L. Jørgensen, Kevin J. Lansing
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, 2008